Trump’s Tariffs Tank the U.S. Economy—Markets Down 11%, Retirement Savings Wiped Out
DOGE (Department of Government EXTINCTION) TRACKER UPDATE
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DOGE v. US Economy
🔴 UPDATE: April 4, 2025
Global Markets Crash as China Hits Back—"Liberation Day" Fallout Spreads
Trump’s “Liberation Day” is turning into a global economic bloodbath. Just two days after imposing the most extreme tariffs in modern history, Trump triggered China’s full-blown retaliation: a 34% tariff on all U.S. imports. Markets tanked again Friday, erasing trillions in value. The Dow dropped another 1,349 points. The Nasdaq officially entered bear market territory. Oil prices cratered. Corporate stocks collapsed.
Trump’s only comment?
“THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”
The man who wrecked the global economy is telling investors to enjoy the fire sale.
Key Developments:
China slams 34% tariff on all U.S. imports, retaliating against Trump’s sweeping tariff hike and escalating the trade war between the world’s two largest economies.
Sources: Reuters, AP NewsDow plunges 1,349 points, with the S&P 500 and Nasdaq each falling nearly 4%. Nasdaq is now 20% below its peak—officially in bear market territory.
Sources: NPR, AP NewsGlobal losses mount, with Germany’s DAX down 4.3%, France’s CAC 40 down 3.7%, and Japan’s Nikkei down 2.8%. Oil prices fell to their lowest level since 2021.
Sources: Reuters, AP NewsMajor U.S. firms hammered, with DuPont down 11.3%, GE Healthcare down 13.3%, Apple down 4.7%, and Nvidia down 3.4%—companies with major exposure to China and Taiwan were especially hard-hit.
Sources: AP News, ReutersFederal Reserve warns of inflation and recession, with Chair Jerome Powell stating the tariffs risk “slower growth” and “elevated inflation expectations,” potentially worsening the economic spiral.
Sources: Reuters, AP NewsJPMorgan raises global recession odds to 60%, citing the tariffs as a primary trigger for what could become a worldwide downturn.
Sources: NPR, ReutersU.S. consumer confidence plummets, as households brace for rising prices. Experts say the trade war could spike the cost of goods from phones to shoes to medicine.
Sources: NPR
🔍 Why This Matters:
This is how they operate: tank the system, then spin the suffering as “patriotism.” Trump’s tariff war is a gift to the robber barons and a curse to working Americans. It’s the same betrayal we’ve seen for decades—now dressed up as nationalism. But the outcome is always the same: you lose, they win.
🚨 The Bottom Line:
This isn’t economic strategy—it’s looting. Trump’s tariffs are setting fire to the global economy, and the GOP is handing out matches. The only ones celebrating this disaster are the robber barons getting richer while America burns.
📌Sources:
AP News: Sell-off worsens worldwide and Dow drops 1,300 after China retaliates against Trump tariffs
NPR: Stocks sink in another brutal day, as Trump's tariffs send global shockwaves
Reuters: China hits back hard in global trade war with tariffs on US goods
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Because silence is surrender. We never surrender. We are #TheRelentless.
Yep, this was definitely their plan! Tank the economy, the robber barons swoop in and gobble up all of the bargain stock prices, so that when things recover, they’re way ahead of the game. And if we are in a deep recession, or depression, they’re way ahead of the 8 ball because they will seize real estate and suffering companies like yesterday’s news. All of this is has been done over and over when the Rs are in power because they never “play fair.” Same story, the rich get richer and the poor get poorer. Except this time around, our democracy is dying. I hope there are way more participants in tomorrow’s protests than are expected. I made my signs, I’ll definitely be out there. And I can’t wait!
So yesterday I said that was the biggest 1-day drop I've ever seen in my life...until today!